Intact eyes renewables, construction growth in push to double European specialty business

By Ashish Tiwari Oct 15 (The Insurer) — Intact Insurance is looking to expand in renewable energy and construction as it seeks to double its European and UK specialty lines business by 2030, the carrier's Europe chief told The Insurer. Nadia Côté, Europe CEO and head of specialty lines UK, said the insurer was also looking to grow its financial lines and trade credit business. Intact launched financial lines across European countries last year and trade credit in the UK and Europe earlier this year. Intact set out the target to double European specialty premiums in a statement this month marking a year since RSA and NIG began trading as Intact Insurance across the UK, Ireland and Europe. “We expect to see growth across all our existing lines of business and geographies in the coming years, alongside launching new products and expanding our appetite and capacity,” Côté said. She said growth would be focused on the UK, France, Spain, the Netherlands and Belgium, as well as wider continental Europe and worldwide through Intact's multinational and global network capabilities. Intact has just launched mid-market property products in France. “We are bringing that global expertise into ou